Manchester, CT Real Estate & Homes For Sale

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Manchester Housing Information

Index	Manchester	Connecticut	National
Median home price	$167,700	$269,300	$184,700
Median rent asked	$1,087	$1,094	$949
Avg. people per household	2.4	2.5	2.6
Owner occupied households	55.3%	66.5%	63.6%
Renter occupied households	44.7%	33.5%	36.4%

Above, you'll find an overview of the real estate market in Manchester, CT. Generally, real estate in the Manchester, CT area is more affordable in Connecticut, as the median price of a home in Manchester, CT is $167,700, which is 38% lower than the Connecticut average. The median rental price in Manchester, CT is $1,087. This is 1% lower than the average rental price in Connecticut. Home owners comprise 55.3% of the population of Manchester, CT, where an average of 2.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Manchester, CT. Below, you can search for real estate listings in Manchester, CT using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Manchester Home Affordability

When searching for real estate in Manchester, CT, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Manchester, CT, the median house price is $167,700, while the median income for households in the area is $55,875. Therefore, the ratio of house price to income is 3.0x; this ratio is 20% lower than the average in Connecticut. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Manchester, CT.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Blue Hills, CT	3,181	$148,800	19%
New Britain, CT	72,876	$157,300	15%
Stafford Springs, CT	5,044	$158,500	14%
Hartford, CT	124,320	$159,100	14%
East Hartford, CT	50,834	$163,300	12%
Manchester, CT	30,364	$167,700	9%

Cities with similar population

City, State	Population	Home Price	National Avg.
Morgantown, WV	30,364	$178,500	3%
Lake Stevens, WA	30,352	$274,900	49%
Chicago Heights, IL	30,349	$101,100	45%
Jamestown, NY	30,345	$64,700	65%
Aiken, SC	30,403	$175,400	5%
Manchester, CT	30,364	$167,700	9%

Source: The Manchester, CT housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).